Rush Enterprises A Inc (RUSHA)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 228,131 | 183,725 | 201,044 | 148,146 | 312,048 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,650,120 | 1,673,310 | 1,428,670 | 1,003,500 | 1,026,790 |
| Cash ratio | 0.14 | 0.11 | 0.14 | 0.15 | 0.30 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($228,131K
+ $—K)
÷ $1,650,120K
= 0.14
The cash ratio of Rush Enterprises A Inc has shown a declining trend over the years, decreasing from 0.30 as of December 31, 2020, to 0.14 as of December 31, 2024. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has weakened over this period. A lower cash ratio may suggest that the company is becoming less liquid, as it holds a smaller proportion of its current liabilities in cash. Rush Enterprises A Inc may need to closely monitor its cash management strategies to ensure sufficient liquidity to meet its near-term obligations.
Peer comparison
Dec 31, 2024